PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 52-Week Low – Here’s What Happened

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares reached a new 52-week low on Monday . The company traded as low as $50.14 and last traded at $50.1350, with a volume of 46223 shares. The stock had previously closed at $50.27.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.2%

The company’s fifty day moving average is $50.38 and its two-hundred day moving average is $50.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 13.6% in the second quarter. Captrust Financial Advisors now owns 524,063 shares of the company’s stock valued at $26,292,000 after purchasing an additional 62,582 shares during the last quarter. Strategic Wealth Partners Ltd. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth about $582,000. Prime Capital Investment Advisors LLC increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 89.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 34,065 shares of the company’s stock valued at $1,718,000 after acquiring an additional 16,085 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock valued at $1,194,000 after acquiring an additional 6,929 shares during the last quarter. Finally, Essex Bank bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $300,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).